$50,100 Car Loan

What's the monthly payment on a $50,100 car?
$
$
%
Monthly payment = $909
Total yearly payments = $10,914
Payments by Interest Rate
Interest Rate Monthly Payment
2.0% $870
3.0% $887
4.0% $905
5.0% $923
6.0% $941
7.0% $960
8.0% $978
9.0% $997
10.0% $1,017
Payments by Amount Down
Down Monthly Payment
$0 $1,137
$2,000 $1,091
$5,000 $1,023
$8,000 $955
$10,000 $910
$15,000 $796
Payments by Loan Length
Length Payment
24 months $1,745
36 months $1,188
48 months $909
60 months $743
72 months $632
84 months $552

Can I afford a $50,100 car?

Is your salary enough to buy a $50,100 vehicle? A general rule of thumb for buying a car or truck is the 20 / 4 / 10 rule.

  • Make a down payment of at least 20% cash. For a $50,100 vehicle, this would mean saving up $10,020.
  • Pay back the loan in 4 years or less.
  • Don't spend more than 10% of your income on payments and insurance. Rough estimate: your annual income should be at least 2.5 times the purchase price. So to afford a car that costs $50,100, you would need to make at least $125,250 per year.